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Title: Economic rent refers to the price of a factor of production which is fixed in supply. Post by: anhsu on Feb 28, 2019 Question 1. A monopsony restricts the quantity of a factor demanded to force down the price of the factor and increase profits.• true • false Question 2. Economic rent refers to the price of a factor of production which is fixed in supply.• true • false Title: Economic rent refers to the price of a factor of production which is fixed in supply. Post by: sadeen on Feb 28, 2019 Answer 1 trueAnswer 2 true |